| you have attention deficit disorder (ADD), you may not | | | | much harder driving to the bank and getting someone |
| be a great money manager, but even worse, you may | | | | to open the vault than it is to grab it out of your wallet. |
| have issues with your ADD impulsivity and spending. | | | | Forget carrying big wads of cash around, too. That's |
| When that happens, it doesn't matter if you have 300 | | | | just an invitation for your impulsivity to make you buy |
| video games, you probably want another one the | | | | something you don't really need. If you're a debit card |
| minute it appeals to you. That's your ADD talking. | | | | user, that's great, as long as it doesn't give you access |
| This can stop, and it should. You're probably letting your | | | | to all the money you have in the bank. Have a |
| ADD impulsivity drag you in directions that aren't good | | | | separate account just for spending and maintain a low |
| for you. High credit card balances, not enough money | | | | balance. When the money runs out, your purchasing |
| to make the monthly payments, and your credit rating | | | | power is nil. Don't be tempted by transfers in online |
| goes downhill in a hurry. Just one late payment to a | | | | banking, either. The system won't work. |
| credit card company can lower your credit score by | | | | Yet, if these suggestions don't work for you, and |
| 20 points. If you miss a car payment, you can lose 100 | | | | you're still buying, what you're experiencing may not be |
| points, so keep this in mind. | | | | impulsivity but obsession, then you should see a doctor. |
| Start by cutting up your credit cards. Get some | | | | You could have OCD (obsessive-compulsive disorder), |
| scissors and just start hacking away at them until | | | | in addition to or instead of ADD. You won't be able to |
| they're in tiny pieces. They were never intended for | | | | help yourself to stop buying every time your eyes light |
| small purchases, though you've been known to use | | | | up. |
| them for buying a pack of gum. You don't need them! | | | | But if you're just dealing with that old ADD impulsivity, |
| And write to or call your creditors and close your | | | | you can also try T. Harv Eker's 7 bank account |
| accounts. That way, you won't be tempted next time | | | | system from Secrets of the Millionaire Mind. You |
| a new card arrives in the mail. | | | | create 7 bank accounts that hold funding for taxes, |
| But be sure to keep one credit card for emergencies. | | | | necessities, education, gifts, financial freedom, long-term |
| Like, if you need a root canal and you have no dental | | | | savings, and play. You're obligated to spend all the |
| insurance, you may need to use a credit card to get | | | | money in your play account each month, which means |
| the job done without paying some very high interest. | | | | you can still get things you want and not feel guilty. It's |
| But keep your emergency card in a safe deposit box | | | | a great way to start! |
| at the bank, where you can't get to it so easily. It's | | | | |